Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's produced 9,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $15 each. Based on this information, we can conclude that Harry's production of large pepperoni pizzas Multiple Cholce Increased nominal GDP by $35,000. did not change nominal GDP. Increased real GDP by $35,00. did not change real GDP.
Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's produced 9,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $15 each. Based on this information, we can conclude that Harry's production of large pepperoni pizzas Multiple Cholce Increased nominal GDP by $35,000. did not change nominal GDP. Increased real GDP by $35,00. did not change real GDP.
Chapter1: Making Economics Decisions
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Problem 1QTC
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Transcribed Image Text:Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's produced 9,000 large pepperoni pizzas
(identical to last year's pizzas) but sold them for $15 each. Based on this information, we can conclude that Harry's production of large pepperoni pizzas
Multiple Choice
Increased nominal GDP by $35,000.
did not change nominal GDP.
Increased real GDP by $35,00.
did not change real GDP.
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